Southern Arc gets Forestry Permit for West Lombok property
Wednesday, November 21 2012 - 12:58 AM WIB
Canadian based firm Southern Arc Minerals recently announced it has received the Pinjam Pakai forestry permit for its West Lombok property, allowing it to resume full-scale exploration activities.
"I am pleased to announce that we are in a position to fully re-engage exploration activities on our flagship West Lombok property," said John Proust, Chairman and Chief Executive Officer of Southern Arc, adding that the permit enables Southern Arc to conduct both surface and drilling exploration for the standard renewable two-year period, planning to immediately mobilize rigs, staff and resources.
Southern Arc has continued to work closely with SRK Consulting Inc. (SRK) to prepare a detailed drill program for epithermal gold targets within the Pelangan and Mencanggah prospects.
The next phase of exploration will focus on infill drilling in areas identified with high-grade shoots and wide mineralized intercepts.
The objective is to develop a compliant resource estimate for three targets within the 13 km by 7 km corridor of mineralization in the West Lombok property. These targets - Bising, Tebu Serai and Raja - comprise the three most developed epithermal targets within the property.
"From the commencement of drilling, we anticipate that this program will take approximately five months to complete, allowing Southern Arc to publish a compliant resource estimate for the property by mid-2013," said Mike Andrews, President and Chief Operating Officer of Southern Arc.
Editing by Er Audy Zandri
